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AP Macroeconomics Unit 2

Authored by Robert Bonifacio

Specialty

12th Grade

Used 598+ times

AP Macroeconomics Unit 2
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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The expenditure by all levels of government on goods and services

Imports of goods and services

Investment

Consumer expenditure

Government expenditure on goods and services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The expenditure by households on consumption goods and services.

Business Cycle

Exports of goods and services

Consumption expenditure

Government expenditure on goods and services

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The market value of all the final goods and services produced within a country in a given time period.

Gross Domestic Product

Net exports of goods and services

Nominal GDP

Real GDP

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purchase of new capital goods (tools, instruments, machines, buildings) and additions to inventories

Exports of goods and services

Real GDP

Investment

Net exports of goods and services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value of the final goods and services produced in a given year expressed in terms of the prices in a reference base year.

Real GDP

Gross Domestic Product

Business Cycle

Nominal GDP

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value of the final goods and services produced in a given year expressed in terms of the prices of the same year.

Real GDP

Nominal GDP

Net exports of goods and services

Gross Domestic Product

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items that firms in the United States produce and sell to the rest of the world

Imports of goods and services

Investment

Nominal GDP

Exports of goods and services

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